UK adults eye crypto for retirement plans despite risks – survey
More than a quarter of UK adults would consider adding cryptocurrency to their retirement planning, according to new research from insurer Aviva. The survey found 27% are open to including digital assets in their retirement portfolios, while 23% would withdraw part or all of their existing pension savings to invest in crypto.
The poll, conducted between June 4–6 and covering 2,000 UK adults, revealed that 21% have already invested in cryptocurrency at some point. Of these, 14% still hold digital assets today.
Younger adults show the strongest appetite for pension-to-crypto transfers. Among respondents aged 25–34, 18% said they had already withdrawn money from their pension to buy cryptocurrency. The survey identified three main drivers behind these decisions: the prospect of higher returns attracted 43% of those considering such allocations, while 36% cited excitement about new technology, and 32% wanted portfolio diversification.
Security concerns remain widespread despite growing interest. When asked about crypto risks, 41% of respondents mentioned hacking and phishing attacks, 37% pointed to the lack of regulation and consumer protection, and 30% highlighted market volatility as major worries.
Knowledge gaps also persist among potential crypto investors. Nearly one-third said they were interested in cryptocurrency but did not fully understand what pension benefits they might lose by cashing out early. Another 27% did not realize that crypto investments carry risks.
We mustn't forget the value of the good old pension. It comes with some powerful benefits, like employer contributions and tax relief, that can make a real difference to your long-term financial wellbeing,
The survey data comes as traditional pensions remain popular, with an estimated four in five people contributing to workplace or private pension schemes. The UK pensions market holds approximately £3.8 trillion in total assets, according to industry estimates, highlighting the potential scale of funds that could shift toward crypto if such allocations became more common.
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Has been exploring the enigmas of the crypto industry since 2017, transforming them into accessible narratives. Relies on dark chocolate and nuts as a secret source of energy and inspiration.
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